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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 07, 1973
Page
12
Sohio announces a direct negotiations license with Peking for production of 110 million pounds of acrylonitrile annually. A plant is planned with Japanese interests to begin operation in early 1976, under a December 1971 federal license.
Harry W. Ogle of Darrtown named president of First Citizens Bank of Oxford succeeding Donald Teetzel. Since 1955 with the bank and vp since October, Ogle is a North Manchester native who attended Manchester College Wittenberg College and Miami University. The Barnitz Bank of Middletown plans to acquire First Citizens this year with regulatory approval pending. First Citizens reports total resources of 10.4 million dollars.
General Electric announces W. G. Krall as manager of the Evendale Evendale engine and components operation for military, commercial, marine, and industrial production and also assumes Albuquerque plant duties. He succeeds Raymond F. Letts and has led Evendale manufacturing engineering before this appointment.
Wanda Chappel reports a boys bike valued at 25 dollars missing from 6749 Germantown Road. The neighborhood youths relied on the bicycle but it has apparently been stolen, despite previously being returned.
Industry Week says strong world demand and higher prices support steel shipments in 1971 but project a third quarter decline as orders exceed producers capacity. April raw steel output hits a record 12.8 million, imports may drop after March peak. first quarter total stands at 3.86 million net tons with hopes first half also a record.
On Wall Street New York the market opened higher with analysts hopeful the rally would extend after last week. The Dow Jones Industrial Average rose fractionally while advancing issues edged ahead of decliners in slow New York trading on the Exchange.
Columbus Ohio area price report shows eggs paid to packing plants at 37 to 60 cents per dozen with large and medium carton grades. Retail cartons delivered in major cities range 53 to 60 cents for large and 51 to 58 cents for medium. Hens on farms 13 to 15 cents. Ready to cook broilers and fryers truck lots quoted 38.50 to 41.00 in Cincinnati Cleveland and Columbus. Potatoes priced 8.50 to 10.50 per hundredweight.
Livestock in Cincinnati shows 1 050 cattle and calves with slaughter steers mostly 44 50 to 45 50 per hundredweight. Heifers variously steady, cows and bulls steady while demand remains fair. Notable lots include 950 Ib steer at 45 50 and 1470 Ib at 41 00 with broad ranges for mixed and standard categories.
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